Ooma (NYSE:OOMA) CFO Shigeyuki Hamamatsu Sells 27,696 Shares of Stock

Ooma, Inc. (NYSE:OOMA) CFO Shigeyuki Hamamatsu sold 27,696 shares of Ooma stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $17.64, for a total value of $488,557.44. Following the completion of the sale, the chief financial officer owned 193,283 shares of the company’s stock, valued at $3,409,512.12. This trade represents a 12.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shigeyuki Hamamatsu also recently made the following trade(s):

• On Friday, March 6th, Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock. The stock was sold at an average price of $14.22, for a total transaction of $153,433.80.

Ooma Price Performance

OOMA opened at $16.87 on Thursday. Ooma, Inc. has a 1 year low of $9.79 and a 1 year high of $21.96. The company’s 50 day simple moving average is $16.57 and its 200 day simple moving average is $13.59. The stock has a market capitalization of $463.98 million, a PE ratio of 52.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $81.15 million for the quarter, compared to the consensus estimate of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.52%. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. As a group, sell-side analysts expect that Ooma, Inc. will post 0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Benchmark reiterated a “buy” rating on shares of Ooma in a report on Thursday, March 5th. Lake Street Capital lifted their price objective on Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. UBS Group set a $24.00 target price on Ooma in a report on Wednesday, May 27th. B. Riley Financial reissued a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Ooma in a research report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.33.

Institutional Investors Weigh In On Ooma

Hedge funds have recently modified their holdings of the stock. Essential Partners LLC raised its holdings in shares of Ooma by 8.3% during the 1st quarter. Essential Partners LLC now owns 8,197 shares of the technology company’s stock valued at $119,000 after buying an additional 626 shares during the period. Quantinno Capital Management LP grew its position in Ooma by 247.3% in the first quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company’s stock valued at $1,029,000 after acquiring an additional 50,347 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Ooma during the first quarter valued at approximately $1,415,000. Renaissance Technologies LLC lifted its position in shares of Ooma by 12.2% during the first quarter. Renaissance Technologies LLC now owns 912,203 shares of the technology company’s stock worth $13,273,000 after purchasing an additional 99,100 shares in the last quarter. Finally, Walleye Capital LLC lifted its position in shares of Ooma by 63.3% during the first quarter. Walleye Capital LLC now owns 35,662 shares of the technology company’s stock worth $519,000 after purchasing an additional 13,829 shares in the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

Ooma Company Profile

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.